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Embracer plans another spin-off as Q4 profit beats expectations
- On Wednesday, Embracer announced plans to split into two listed companies, spinning off Fellowship Entertainment with a Nasdaq Stockholm listing scheduled for 2027.
- Embracer Chair Lars Wingefors stated the separation aims to provide "sharper management focus and clearer accountability," following a 24% year-over-year decline in net sales to SEK3.91B.
- Current Embracer CEO Phil Rogers, CFO Müge Bouillon, and COO Lee Guinchard will transition to Fellowship, as the group reported adjusted operating profit of 360 million Swedish crowns .
- Fellowship Entertainment will house major intellectual properties including The Lord of the Rings and Tomb Raider, while the remaining Embracer Group focuses on retro gaming and physical distribution.
- The group has initiated recruitment for a new CEO and CFO at the retained Embracer entity and announced a share buyback programme of up to 750 million crowns.
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47 Articles
47 Articles
Owner of the Tomb Raider franchise, the company said it planned to separate Fellowship Entertainment into a new company
·Brazil
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‘Lord of the Rings’ and ‘Tomb Raider’ To Be Spun off Under New Company After Embracer Chair Calls Its IP ‘Among The Most Undervalued in the Industry’
Embracer, who own the IP for 'Lord of the Rings' and 'Tomb Raider,' are spinning off the entities via Fellowship Entertainment, a separate company.
·Los Angeles, United States
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Total News Sources47
Leaning Left4Leaning Right1Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 38%
12%
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